Ohio Valley Banc (NASDAQ:OVBC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research note published on Thursday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Price Performance

Shares of OVBC opened at $27.05 on Thursday. The company has a market capitalization of $127.41 million, a price-to-earnings ratio of 10.95 and a beta of 0.06. Ohio Valley Banc has a fifty-two week low of $19.35 and a fifty-two week high of $28.00. The firm has a 50-day simple moving average of $25.02 and a 200-day simple moving average of $23.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Monday, October 28th. The bank reported $0.58 earnings per share for the quarter. Ohio Valley Banc had a return on equity of 7.97% and a net margin of 13.66%. The company had revenue of $22.26 million for the quarter. During the same quarter last year, the business posted $0.47 earnings per share.

Ohio Valley Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, November 10th. Stockholders of record on Friday, October 25th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Friday, October 25th. Ohio Valley Banc’s payout ratio is 35.63%.

Institutional Investors Weigh In On Ohio Valley Banc

An institutional investor recently bought a new position in Ohio Valley Banc stock. Empowered Funds LLC purchased a new stake in Ohio Valley Banc Corp. (NASDAQ:OVBC) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,418 shares of the bank’s stock, valued at approximately $204,000. Empowered Funds LLC owned 0.18% of Ohio Valley Banc at the end of the most recent reporting period. 22.06% of the stock is owned by institutional investors and hedge funds.

About Ohio Valley Banc

Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. The company operates in two segments, Banking and Consumer Finance. It accepts various deposit products, including checking, savings, time, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit.